North of South Capital LLP Has $65.24 Million Stock Position in Autohome Inc. $ATHM

North of South Capital LLP grew its stake in Autohome Inc. (NYSE:ATHM) by 3.6% during the third quarter, Holdings Channel.com reports. The fund owned 2,284,939 shares of the information services provider’s stock after purchasing an additional 78,978 shares during the quarter. Autohome makes up 6.3% of North of South Capital LLP’s investment portfolio, making the stock its 8th biggest position. North of South Capital LLP’s holdings in Autohome were worth $65,235,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ATHM. Federated Hermes Inc. raised its stake in shares of Autohome by 61.4% during the second quarter. Federated Hermes Inc. now owns 1,393,033 shares of the information services provider’s stock valued at $35,926,000 after acquiring an additional 530,152 shares in the last quarter. Norges Bank bought a new position in Autohome in the second quarter worth approximately $12,120,000. Invesco Ltd. increased its holdings in Autohome by 6.4% during the 2nd quarter. Invesco Ltd. now owns 7,100,214 shares of the information services provider’s stock worth $183,115,000 after purchasing an additional 427,889 shares during the period. Schroder Investment Management Group increased its holdings in Autohome by 32.0% during the 2nd quarter. Schroder Investment Management Group now owns 1,215,213 shares of the information services provider’s stock worth $31,340,000 after purchasing an additional 294,701 shares during the period. Finally, Long Corridor Asset Management Ltd lifted its holdings in shares of Autohome by 72.5% in the 2nd quarter. Long Corridor Asset Management Ltd now owns 557,359 shares of the information services provider’s stock worth $14,374,000 after buying an additional 234,276 shares during the period. 63.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on ATHM shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Autohome in a report on Monday, December 29th. JPMorgan Chase & Co. downgraded shares of Autohome from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $36.00 to $28.00 in a research note on Wednesday, October 29th. Finally, Zacks Research lowered Autohome from a “hold” rating to a “strong sell” rating in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $28.00.

Autohome Stock Up 3.5%

ATHM stock opened at $22.60 on Friday. The firm has a 50 day moving average of $23.66 and a 200 day moving average of $26.40. The stock has a market capitalization of $2.64 billion, a PE ratio of 13.29 and a beta of 0.08. Autohome Inc. has a 52 week low of $21.78 and a 52 week high of $32.70.

Autohome Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, February 19th. Shareholders of record on Wednesday, December 31st will be given a $1.20 dividend. The ex-dividend date is Wednesday, December 31st. Autohome’s dividend payout ratio is currently 102.94%.

About Autohome

Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.